Emerging Technology : Innovation + Job News

Riding a bike to national recognition, a team of University of Pennsylvania mechanical engineering students created a revolutionary cycle design that propels far more than the rider. Geoff Johnson, Evan Dvorak, Lucas Hartman, Katie Savarise, and Katie Rohacz teamed up on the design and fabrication of The Alpha Bike, which is now getting coast-to-coast attention.

"Bikes have not changed much in the last 150 years," says Dvorak, who explains that Alpha allows the rider to literally flip a switch between freewheel and fixie style, which he compares to driving an automatic versus manual transmission car.

Alpha Bike is elegant. There are no external cables, brakes or hardware. Smooth surfaces were either milled or printed, and it is mindbending technology that allows stainless steel parts and plastic handlebars to emerge from a 3D printer. The seamless result came from thousands of hours of work. Dvorak estimates that the team spent, at minimum, 700 hours each over the course of their senior year, all while pulling full courseloads of up to six classes.

The 28 pound bike incorporates an electronic system similar to that of a hybrid car, with a dynamo, capacitors, an internal drive train, and the option to add even more bells and whistles such as an accelerometer. "We got our inspiration from Apple's design philosophy," says Dvorak, who describes the computer maker's products as almost magical. "The technology is completely hidden." Alpha's elegant and simple profile belies the complexity of the design.

The team estimates cost of the materials at between $15,000-$20,000, with much donated or purchased at a greatly reduced cost. Johnson, who calls this a concept bike, is not interested in selling the Alpha, but estimates the final tab for parts and labor at somewhere around $50,000.

The Alpha team received an initial budget of $1,500 from the School of Applied Engineering and Science; the team was able to fund the rest thanks to several dozen sponsors and suppliers.

The technology that the team developed is ripe for licensing, and after a recent demonstration, Drexel School of Law Dean Roger Dennis offered to handle the patent work. Johnson has been in talks with Specialized, an international cycle manufacturer out of the San Francisco Bay Area.

Source: Geoff Johnson, Evan Dvorak, Alpha Bike
Writer: Sue Spolan

There's something cool going on with air conditioning. OxiCool, Inc. a Philadelphia-based company, which has received $400,000 in investment from Ben Franklin Technology Partners of Southeastern Pennsylvania, including $250,000 announced from its Competitive Energy Consortia last month, recently received a patent for its environmentally friendly air-cooling technology.  OxiCool is working under a Joint Development Agreement with one of the three largest truck companies in the world, and is about to finish their second prototype.

The technology uses water as the main refrigerant and low-grade, recycled heat from exhaust waste and other green sources as the main energy source. There are no toxic components and zero direct emissions; virtually this technology is completely clean.

OxiCool initially developed this technology to be used in sleeper cabs in long-haul trucks. Often the only way for drivers to power their air-conditioning units while they aren't driving is to idle their engines, producing exhaust and wasting fuel and contributing massive amounts of greenhouse gases into the atmosphere. OxiCool's product eliminates the need to idle because the technology uses minimal amounts of electricity to operate. This development has the potential to save nearly 11 million tons of carbon dioxide annually, as well as a lot of grief for truck drivers in the more than 30 states that have introduced anti-idling legislation.

OxiCool's joint research and development agreement with the U.S. Navy and another with an unnamed large U.S. corporation comprise much of its work at present. The Philadelphia Industrial Development Corporation and private angel investors from across the country are other investors. OxiCool is in hiring mode, looking for "exceptional candidates."

Source: Emma Kaye, OxiCool
Writer: Nina Rosenberg

As America races to maintain standing in the global economy, industry clusters have been touted as a key strategy for technological innovation. While Silicon Valley and North Carolina's Research Triangle are held as bright spots where higher education meets high tech, few innovation clusters are successful. A recent column in the Washington Post dubbed government funded industry clusters "the modern day snake oil," doomed to fail.

At the third annual Regional Affinity Incubation Network (RAIN) meeting, held last week at the University City Science Center, David Finegold, Dean of Rutgers' School of Management and Labor Relations, responded. "A lot of efforts haven't panned out, but industry clusters are not without hope." He explained that early efforts were "real estate plays." What sets the tri-state region apart is the ability to build from that which is distinctive about this area, said Finegold, rather than starting from scratch and hoping that if it's built, innovation will come.

New Jersey, in particular, has nowhere to go but up, having ranked last in 2010 in U.S. job creation. While traditionally the state was a leader in biopharma and telecommunications, these industries made up a large-firm culture, and it's now time to build diverse networks, according to Finegold.

The University City District in Philadelphia is a 2.5 square mile powerhouse of commercial and institutional vitality, employing 70,000 people, according to UCD president Matthew Bergheiser. Forty percent of NIH funding in Pennsylvania is granted to projects within the boundaries of University City, and the Science Center has long been a fertile startup breeding ground that encourages organic growth, rather than superimposing ideas of innovation on an otherwise bereft area.

In Delaware, by contrast, plans are underway to convert Newark's former Chrysler assembly plant into an 250 acre innovation hub complete with living and working space, with an existing rail station to encourage commuters, and the potential to create collaboration across state lines, according to David Weir, PhD, Director of the Office of the Economic Innovation & Partnerships at the University of Delaware.

With a continued soft real estate market, Finegold offers that the way out of the recession is through leveraging human capabilities and university facilities. "We already have a great talent base here," said Finegold of efforts in Pennsylvania, New Jersey and Delaware, which he terms one of the most diverse regions on the planet.

RAIN is a regional network of over 40 research parks, incubators and support organizations located in the tri-state area.

Source: David Finegold, Matthew Bergheiser, David Weir, RAIN
Writer: Sue Spolan

PHOTO:

Former Chrysler Assembly Plant in Newark DE

In the game called World of Startup, the main characters are geeks and suits. PhillyMerge was created to help the two tribes meet on common ground, where developers and entrepreneurs can learn some slick moves from one another. It's a long standing and sometimes contentious relationship characterized by the blog Whartonite Seeks Code Monkey, in which MBAs are called to task for asking developers to work for peanuts.

The one day conference, held July 15, drew about 50 business types and coders to Huntsman Hall at the Wharton School of the University of Pennsylvania. Organized by Steve Rittler and Adam Tuttle, who met at the Philadelphia Cold Fusion User Group (CFUG), the event offered an even split of speakers. Chris Stanchak from TicketLeap told war stories about founding and growing the online event ticketing company, overcoming hiccups and navigating through three successive builds.

Attorney Frank Taney, who practices at Buchanan Ingersoll & Rooney, addressed legal issues confronting emerging businesses. Jim Caruso of the accounting firm Fesnak and Associates explained financial forecasts and projections, and helped one attendee understand why his spreadsheets were flawed.

Rittler and Tuttle said PhillyMerge ran like clockwork, with a running commentary on twitter and feedback boards. "People are really happy," said Rittler. "They like the flavor. It's different from what you usually see, where there's not a lot of crossover."

Total cost of the conference was estimated at $3000, and because Tuttle works at Wharton Learning Lab, space that would have doubled the cost was donated gratis. Sponsors included Adobe, Chariot Solutions and Duck Duck Go.

While Tuttle and Rittler did not ask this year's attendees if they played for the geek or suit side, they estimate it was about 70/30 in favor of techies. "That's a lesson learned," said Tuttle, who garnered a wealth of wisdom for planning and running next year's conference. Like a tenet heard often in entrepreneurial circles, PhillyMerge isn't built for exit. It's built for lifestyle.

Source: Steve Rittler, Adam Tuttle, PhillyMerge
Writer: Sue Spolan

Heat waves put a serious burden on the electric grid. Day after day of 90 degree heat translate into peak load for PECO as customers crank up the air conditioning. PECO Smart A/C Saver, part of the Smart Ideas program, asks electric users to participate in load reduction, not just by turning up the thermostat by a few degrees, but by allowing PECO to install a switch directly on air conditioner compressors.

As a thank you, residential and commercial customers receive a $30 rebate in June, July, August and September for a total savings of $120, whether or not the Smart A/C Saver kicks in. Last week, amid days of 90 plus degrees, the first ever A/C Saver event occurred, according to Cathy Engel Menendez, manager of communications for PECO. And participants probably didn't even notice.

After agreeing to join the Smart A/C Saver program, PECO sends out a technician to install a small gray box directly on the exterior compressor unit. A Smart A/C Saver event means that the compressor cycle will be slowed down, and the compressor rests up to 15 minutes of every half hour between the hours of noon and eight in the evening.

While the program quietly launched last summer, the big marketing push occurred this past spring, and this summer is the first that the program is in use, with 67,469 residential and commercial customers for a savings of 320 megawatt hours. The Smart A/C program also created 161 new jobs in the Philadelphia area.

Smart A/C Saver is part of a broader initiative. "In Pennsylvania, the Public Utilities Commision challenged all utilities to come up with products and programs to help customers save money and energy," says Menendez, who adds that the timing couldn't have been better with the expiration of rate caps this past January along a with sluggish economy.

Other programs in the Smart Ideas suite include energy efficient appliance rebates, old appliance recycling, and incentives to use better bulbs. Menendez reports that taking the whole suite of programs into account, through May 2011, customers saved more than 546 million kilowatt hours of electricity, and an estimated $131 million.

Source: Cathy Engel Menendez
Writer: Sue Spolan

CityRyde, the Philadelphia-based startup that makes software to turn bike rides into cash, has become the first company to receive validation for its carbon methodology. "It's software that tracks every bike ride," explains Tim Ericson, CityRyde CEO and co-founder. All those accrued miles can then be sold as carbon credits as part of a worldwide effort to reduce greenhouse gas emissions, adds co-founder and COO Jason Meinzer.

The company also announced that it will be receiving a total of $345,000, half from Virginia-based New Dominion Angels, and half in matching funds from Ben Franklin Technology Partners of Southeastern PA.

CityRyde started as a Philly bicycle sharing concept. While there are no communal bikes on the streets here just yet, in a few years, CityRyde has instead positioned itself as a global software solution provider at the juncture of transportation and energy.

The startup's proprietary Inspire software enables bike sharing programs worldwide to create a new revenue stream. Ericson explains that Inspire "pinpoints the exact amount of carbon emissions saved, so it can be aggregated and sold within the carbon space."

Eight people now work at CityRyde, which is based at Drexel's Baiada Center. "We're hiring. It's part of Ben Franklin's requirement for funding,' says Ericson. "We anticipate having pretty extensive hiring spree in the next year." Developer positions will be advertised first, according to Ericson.

The idea for CityRyde came from a visit to Paris, where Ericson and Meinzer saw Velib' docks everywhere they turned. "Bike sharing has completely transformed the way the city moves, and reduced traffic by 8 percent within a year of implementation in Paris," says Meinzer, who terms biking the fastest growing form of transportation worldwide, with a predicted apex in 2017.

Source: Tim Ericson, Jason Meinzer, CityRyde
Writer: Sue Spolan

Jose Garces' Amada in Old City is known as the Iron Chef's flagship restaurant. With new heat recovery equipment in its basement that saves energy and money, the Spanish tapas restaurant has also become a green machine.

The system, installed by Scot Ziskind of Philly-based Zipco Wine Cellars, is a remarkably simple addition to the restaurant's kitchen. A closed heat transfer system unit siphons the heat from the restaurant's walk-in refrigerators straight to their water heaters and preheats the water for service. This recycled heat reduces fossil fuel consumption, saving energy and money, and as an added bonus, cools off notoriously sweltering restaurant kitchens to much more workable conditions.

Heat Recovery equipment is in no way new--dairy farms in the Midwest have been utilizing similar systems for ages. Ziskind discovered the heat recovery systems, manufactured by Mueller Industries of Nashville, and began installing them nearly two decades ago but demand was not high enough to make the service sustainable. The new emphasis on conservation and green energy however, has brought this kind of innovation back into the spotlight. Center City's Oyster House on Sansom Street and University City's White Dog Cafe use the heat recovery equipment and the now retired Philadeli had the system for years; one summer they reported saving nearly 80 percent of their energy costs.

Of course this statistic is not unusual; the beauty of the heat recovery equipment is in its simplicity and unobtrusive nature. Ziskind maintains that due to energy savings, the equipment will end up paying itself off in less than two years.

"The people that put it in were looking for a way to cut back on expenses without changing the quality of what the did," says Ziskind.

Source: Scot Ziskind, Zipco Wine Cellars
Writer: Nina Rosenberg

Robert Cheetham, founder and CEO of Philadelphia-based geospatial analysis firm Azavea, is all about good growth. "We hire conservatively. We're not a venture capital funded company. We grow based on cash flow and the amount of business coming in, so there's not much margin for error."

His company is currently in the process of building staff. Some positions have recently been filled, while others are in the resume review stage, and still other positions are yet to be posted.

Azavea has built a strong reputation for merging geographic data with web and mobile software. Its high profile projects include the recently released PhillyTreeMap, which can easily be adapted to any city in the world and was funded by a research and development grant from the USDA; PhillyStormWater, to assist the Philadelphia Water Department's Green Stormwater Management Initiative, and a yet to be launched open source redistricting tool for implementation anywhere in America.

Azavea has just added several administrative and marketing assistants, a Graphic Information System (GIS) Analyst and a web designer. "We have grown every year we've been around," reflects Cheetham. "The last 2 years were relatively slow. Last year was 6 to 7 percent growth. The year before, nine percent. This year we're on track to grow 20 percent."

The secret of Azavea's growth is a mix of spending on business development and marketing through lean times, along with the lucky decision to hire a dedicated grant proposal writer just as the recession began. "We didn't necessarily anticipate the recession," says Cheetham, expanding Azavea nationally as well as internationally, with a recent job for the City of Toronto. "We get a fair amount of federal R&D work," says Cheetham, and while that's not the most profitable sector of the business, it's good for cash flow and pays for research that lays the groundwork for applications that can be adapted to any city or region in the world.

Azavea is always looking for great software engineers, a job sector that has remained fairly recession proof. In comparison, administrative job listings yield hundreds of resumes, and as a result, Azavea has developed a tool to select applicants. "We have crafted a questionnaire that requires job seekers to go to our website and look at the projects we do," says Cheetham.

Those who make it to the interview round have a much better take on Azavea's work and environment, and are able to explain exactly why Azavea is the right fit. It's almost like a college application, says Cheetham, who adds that he asks would-be employees where they heard about the job opening, allowing Azavea target the most effective places to advertise. Maybe there's a future app: Azavea Management Map?

Source: Robert Cheetham, Azavea
Writer: Sue Spolan

Days before longtime tenant BioNanomatrix announced its move to San Diego, the University City Science Center recently welcomed five new companies, and continues to be an incubator for both startups as well as international companies wishing to establish a U.S. base and national companies hoping to move into the Philadelphia market.

The new tenants include life science companies Longevity Biotech, Claremont, and Epitek, Inc.; investment firm Karlin Asset Management; and Parsortix, Inc. a French company that specializes in the transportation and medical equipment sectors.

Scott Shandler is co-founder of Longevity along with Dr. Sam Gellman of the University of Wisconsin. "Longevity develops market leading, novel therapeutics for both rare and widespread diseases," explains Shandler, who has a dual background in finance and biochemistry.

Longevity's primary product is the proprietary Hybridtide platform, developed at Gellman's academic lab in Wisconsin, enables the development of new therapies to treat a range of diseases including primary arterial hypertension, small cell lung cancer, type II diabetes and HIV, according to Shandler. Longevity currently has a contract with Fox Chase Cancer Center. "The exciting science in Dr. Gellman's labs together with the increasing lack of products within the Big Pharma pipelines led me to commercialize this line of work," says Shandler.

Claremont's sole employee is Blandine Chantepie, the U.S. director of sales and business development. Chantepie fell in love with Philadelphia in general and the University City incubator in particular, having already occupied space at SciCenter while working for Claremont parent company Ballina Capital group.

Claremont's two divisions have quite different client bases. Its medical device division manufactures a laser for dental use. "They have been selling around the world, and are strong in Europe and Korea," says Chantepie. Now the company wants to make inroads into the U.S market. Already past the hurdle of FDA approval, it's just a matter of setting up a sales and distribution network, which is already showing early success. Chantepie cites the proximity of Penn Dental School as a selling point for the company's location.

Calremont's train parts division looks to Amtrak and SEPTA for major contracts, and Chantepie says that Philadelphia's central spot along the heavily travelled Northeast Corridor is ideal. Many of Amtrak's corporate offices are right here in Philadelphia in the floors above 30th Street Station. Chantepie anticipates hiring employees within the next six to twelve months.

The remaining three companies moving into the SciCenter are early stage investor Karlin Asset Management, a Los Angeles based firm with $1 billion in equity capital; life sciences firm Epitek develops treatments for radiation exposure and methods of radiation prevention, and Parsortix is a particle separation company founded in 2006 that is developing applications for stem cells, oncology, pre-natal diagnostics and bacteria.

Source: Blandine Chantepie, Claremont; Scott Shandler, Longevity
Writer: Sue Spolan

"I was a Science Center squatter," says Han Cao, founder of life sciences startup Bionanomatrix, now valued at $40 million. It's success stories like these that inspired the new Quorum at the University City Science Center. Back when Cao was a struggling scientist, he occupied virtual office space at the SciCenter. But when rent money dried up, Cao camped out anywhere he could, hiding behind a column in the lobby or setting up shop by the coffee machine.

The Quorum is a well-appointed series of rooms that can be opened into one big space or divided into smaller areas. With a sweeping view of the city, SciCenter CEO Stephen Tang calls the space a clubhouse. "We acknowledge the universal need to meet people," says Tang, who feels that face time is an essential part of business success. With so many electronic ways to connect, meeting in person is harder when you don't know where to go.

Philadelphia's business and government leaders were present last Thursday to bless the grand opening of the 4,000 square foot Quorum, including Mayor Michael Nutter, Duane Morris attorney Richard Jaffe, who is the outgoing SciCenter Chairman of The Board, Craig Carnaroli, who replaces Jaffe in that role in addition to his day job as executive vice president of the University of Pennsylvania; Mel Baiada, founder of BaseCamp Business, and State Representative Jim Roebuck.

Upcoming events planned for the Quorum are designed to unite area business leaders with entrepreneurs; on June 20, Smart Talk: Adventures in Entrepreneurialism, Deloitte Fast 50 Secrets of Success features CEOs from some of the region's fastest growing companies giving advice to hopefuls who may one day be able to tell their own mutli-million dollar success stories.

Source: Han Cao, Bionanomatrix; Stephen Tang, University City Science Center
Writer: Sue Spolan

Philadelphia has made the cut, and is one of 10 finalists for the 2012 Code for America program. A national initiative that launched last year, Code for America links programmers with city government to create new avenues for civic participation. Philadelphia is a 2011 Code for America city, and Jeff Friedman, Manager of Civic Innovation and Participation for the City of Philadelphia, says Philly is all but assured a back to back nomination for the second year in a row.

Philadelphia's coding project is still in development, and you can get a sneak preview of the tool on June 15 at the Municipal Services Building. Friedman says the fellows began in earnest in January of this year with a month of orientation in San Francisco, returning east to do requirements gathering, meeting close to 200 people, and participating in a hackathon. The program is expected to roll out this fall.

But, you may ask, what does it do? "It helps people get projects done in and outside of government," explains Friedman, who uses as an example his own East Falls neighborhood. "Let's say I want to get a playground for my local park. I start a project with the Code for America tool. Now I am a known quantity and people can join my project. Once I have opened it up to the world, I find that there are actually 37 people who also want to work with me, and I can also locate another 17 people in the city who have been identified as experts in recreational development."

Friedman calls the initiative a revamped version of a public/private partnership that helps compress the life cycle of civic projects. "It's in line with a lot of the work we've been encouraged to do in this administration. We're using a new term, civic fusion, to explain this phase of using Internet tools for localized utility."

Source: Jeff Friedman, City of Philadelphia
Writer: Sue Spolan

One of the goals of the Philadelphia Navy Yard-based Greater Philadelphia Innovation Cluster (GPIC) is job creation. And they've got your jobs right here. GPIC, a consortium includes Pennsylvania State University, Philadelphia Industrial Development Corporation (PIDC), Ben Franklin Technology Partners of Southeastern PA (BFTP/SEP), the Delaware Valley Industrial Resource Center, and the Wharton Small Business Development Center, has five available positions spread out among these members.

"This is an early wave," says Christine Knapp, Manager of Public and Client Relations at GPIC, her own position falling under the auspices of Penn State. "These are jobs that are really conducting the work of GPIC."

The available positions are a Post-Doctoral Scholar, an Intellectual Property Associate, a Program Director, a Database Analyst, and an Administrative Assistant. Knapp runs down the details. There has not been as much response to the architectural engineering post-doc scholar, as it is a highly specialized position in which the candidate would be assisting in the research and development of building systems.

The Intellectual Property Associate does not need a law degree; rather, says Knapp, the BFTP/SEP based position would take the lead in the commercialization and deployment task area. "One concern is that intellectual property is correctly managed," says Knapp. "Our companies have sensitive proprietary information, and as they are discovering things and getting them to the marketplace, we need to make sure that people get credit."

The Program Director is specifically associated with the Small Business Development Center of The Wharton School at Penn. "Each of the members is required to have a full time GPIC staff member, and this would be their liaison," explains Knapp.

The Database analyst is actually two positions, both at BFTP/SEP. "We are doing a lot of data gathering," says Knapp. "We're researching building energy use, consumption and performance." The analyst would also draw on existing databases, and ultimately the reports would be sent to the Department of Energy. "We want to be sure that the data is getting integrated and all task areas have access," says Knapp.

Finally, the Administrative Assistant will be working closely with Knapp at the Navy Yard, and ideally should be someone who can handle not only clerical tasks but also logistics, planning events and outreach engagement work. "It would be someone who is interested in moving up and taking on more responsibility," says Knapp, who expects hundreds of resumes. The GPIC positions will remain posted until filled, which is expected to happen around mid-July, but each position has its own timeline.

Source: Christine Knapp, GPIC
Writer: Sue Spolan

Eternity just got a little longer and a lot more powerful, thanks to a new Android app. West Laurel Hill Cemetery in Bala Cynwyd has launched an interactive cemetery guide designed to run on the Samsung Galaxy tablet. It's a pilot program designed by WebCemeteries, and the first of its kind in the country. West Laurel Hill and its cross-river predecessor Laurel Hill have always been ahead of the times. Back in the 1800s, founder John Jay Smith envisioned a rural burial ground, away from the city. Before Laurel Hill, the only option for burial was in a churchyard. In 1836 and in 1869, Smith built havens for the heavenly in Laurel Hill and West Laurel Hill, creating verdant spaces that attracted families out for a Sunday picnic. There was even a train that stopped directly at West Laurel Hill for just such visits.

The idea of creating a non-denominational park setting for the dead caught on like wildfire in the 19th century. And then cemeteries pretty much remained the same. The great majority of memorial parks still do business on paper. West Laurel Hill has broken new ground in other ways, creating a scattering garden for loved ones' ashes, a green burial section, and a soon to be opened Jewish section. "We're proud of the fact that West Laurel Hill embraces new trends," says Deborah Cassidy, the cemetery's Marketing Manager. Working with WebCemeteries of Virginville, Berks County, on the mobile app, visitors can access photos, video, text and other information graveside. There is a built in GPS to keep you on track. Additionally, says Cassidy, the app will increase efficiency internally, allowing the office to go paperless.

There are a lot of famous Philadelphians buried at West Laurel Hill. So far, says Cassidy, about 25 of the cemetery's permanent residents are featured on the app. Videos were produced by Gillian Hurt of GH Video Communications, a Bala Cynwyd based production company. Preview some of Hurt's West Laurel Hill videos on architect Horace Trumbauer, hat magnate John B. Stetson, and Dr. John Thompson Dorrance of Campbell's Soup.

For now, visitors to the cemetery can check out one of six tablets running the app; Cassidy says plans are underway to release the smartphone tour as a paid app to the general public in the next six months.

Source: Deborah Cassidy, West Laurel Hill Cemetery
Writer: Sue Spolan

Flying Bytes is a recurring roundup of innovation and quick updates on the people and companies we're covering:

SEPTA launches TransitView
Back in January, we reported that SEPTA was weeks away from launching a real-time, system wide tracking program. The future is finally here. Like SEPTA's TrainView for regional rail, the new TransitView provides live updates on the whereabouts of buses and trolleys throughout the city. Also launched: SMS Transit Schedule Information, allowing customers to receive a text with the next four scheduled trips, and Schedules to Go, a mobile website function that provides information on the next ten scheduled trips.

Shah closes $72 million IPO with Universal Business Payment Solutions
Following a hot tip, we learned that Bipin Shah, creator of the MAC, was seeking $72 million for payments startup Universal Business Payment Solutions. On May 13, UPBS (NASDAQ: UBPSU) got its money. According to Shah's partner Peter Davidson, "we closed on 12 million shares at $6.00 per share. The underwriters have a 45 day option to cover any over-allotments, which they have not exercised to date." Investors include hedge fund magnate J. Kyle Bass, who purchased about 800,000 shares.

Philadelphia Printworks up, running, finding its market
The lovely ladies at the helm of Philadelphia Printworks are going full speed with their new T-shirt business. Co-founder April Pugh reports that most of PPW's customer base has come from custom work, particularly from local indie rock artists. PPW loves its rockers right back and offers a band discount. Pugh says she and partner Ruth Paloma Rivera-Perez are now seeking partnerships with retail outlets and will be selling at upcoming summer festivals.

Specticast expands with EuroArts partnership
Digital entertainment distribution company Specticast continues to widen its reach. The company, which we originally profiled back in April, announced an exclusive partnership with EuroArts, bringing live and pre-recorded events from Berlin's Philharmonie, The Sheldonian Theater at Oxford University, and Madrid's Teatro Real, according to Mark Rupp, SpectiCast president.

Source: Andrew Busch, SEPTA; Peter Davidson, UBPS; April Pugh, PPW; Mark Rupp, Specticast
Writer: Sue Spolan

A very common element forms the basis for a breakthrough portable power source. Philadelphia's AlumiFuel Power Inc. has developed a portable power system based on the chemical reaction of aluminum powder and water, according to CEO David Cade.

Using proprietary technology to strip the oxides from aluminum particles, the hydrogen generated is five times the density of a lithium battery, says Cade. "Our particular focus is portable, mobile and remote applications. We do on site, on demand power." The Alumifuel container is prefilled with aluminum powder. "The canister can be stored for years," says Cade. "You don't get hydrogen until you get water." A perfect application of the new fuel source is for the U.S Navy, which will pilot the hydrogen battery to propel unmanned undersea vehicles. Alumifuel is partnering with Ingenium Technologies for the project.

Cade is also excited by PBIS-1000, Alumifuel-powered weather balloons created in partnership with Kaymont Weather Balloons.

While Alumifuel is still "under the radar screen," and taking on a 100 year-old battery industry, Cade looks to continuing partnerships with major players like Ingenium and Kaymont to get the word out about a power source that provides 5-10 times the power of a lithium battery, is in no danger of exploding, and does not rely upon overseas oil and gas supplies.

"No one has ever commercialized this technology," says Cade. "There have been patents for years, but they have all been laboratory curiosities." The early stage company, based at the University City Science Center, is currently valued at under $100,000 and is in late development, early production stage. Cade says his partner, Henry Fong, is currently out raising capital, and if Alumifuel is awarded government grants, Cade and Fong's company could see serious growth.

Source: David Cade, Alumifuel Power Inc.
Writer: Sue Spolan